Jul
to move out of the country. What if I leave and I don't pay the credit cards companies?
Answer:
I believe the seven year limit is how long the credit reporting agencies report the bad debt.
By fleeing the country the limitations on collection actions can be extended depending on the state. Also, it is possible to get an in absencia judgement that won't run out.
As long as you remain outside the US there is tiny they can do.
Answer:
Instead of running out of the situation why don't you go for a debt counseling company? They’re the experts in that field so they have the ability to help you in planning your debts and paying off. If you pay off the debts that could be better for your future even if it seems impossible this day.
Here’s the source of a debt consolidation company http://ezconsolidation.com for your reference.
Answer:
Alex,
Your credit record may well follow you out of the country, making it difficult to get new credit cards, or loans.
There's a good article at eHow on steps to take to start tackling your debt, if you so choose. Take a look at it:
http://www.ehow.com/how_2326032_avoid-es…
How to Stop Escalating Debt
It includes information on companies (both non-profit and for-profit) that can help you with debt consolidation and reduction.
You can also look here for tips on earning some extra cash online:
http://www.ehow.com/how_2254361_money-in…
How to make money on the web, scam-free
Lastly, here's an interesting substitute to conventional lending…getting a “social networking” loan from Virgin Money (from the same folks who run Virgin Airlines):
http://www.ehow.com/how_2310995_student-…
Social Loans from Virgin Money
Hope these help.
Answer:
You're debt still builds in the U.S. and you won't be able to apply for any other credit cards. It's basically the same as if you stay. Why would you move out of the country now? Do you realize how weak the dollar is right now compared to foreign currencies? You'll lose money.
Answer:
You are not a very nice person wanting to dodge your bills .You should know that the rest of us are going to pay for you one way or another.I also think the if you ever want to come back you’re held responsible for your dept plus interest and fines
Answer:
If you can afford to move out of the country, you can afford to pay your debts
you can't just move to another country with no money.
Answer:
there’s nothing they have the ability to do, unless screw up your credit, however if you come back within seven years, they have the ability to come and garnish your checks
Answer:
They’ll get you sooner or later………
Answer:
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